Janney Capital Management LLC maintained its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,379 shares of the industrial products company’s stock at the end of the second quarter. Janney Capital Management LLC’s holdings in Rockwell Automation were worth $709,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of ROK. Jacobus Wealth Management Inc. purchased a new stake in shares of Rockwell Automation during the first quarter worth approximately $104,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Rockwell Automation by 1,700.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 720 shares of the industrial products company’s stock worth $112,000 after buying an additional 680 shares during the last quarter. Clarkston Capital Partners LLC purchased a new stake in shares of Rockwell Automation during the second quarter worth approximately $206,000. Appleton Group LLC purchased a new stake in shares of Rockwell Automation during the first quarter worth approximately $213,000. Finally, Hunter Associates Investment Management LLC purchased a new stake in shares of Rockwell Automation during the first quarter worth approximately $215,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rockwell Automation, Inc. (NYSE:ROK) traded up 0.07% on Friday, reaching $161.38. The company’s stock had a trading volume of 567,777 shares. The company has a 50 day moving average of $164.38 and a 200 day moving average of $157.79. Rockwell Automation, Inc. has a 1-year low of $111.52 and a 1-year high of $167.97. The stock has a market capitalization of $20.71 billion, a P/E ratio of 26.02 and a beta of 1.17.
Rockwell Automation (NYSE:ROK) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.12. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. Rockwell Automation’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. Equities research analysts expect that Rockwell Automation, Inc. will post $6.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 49.03%.
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ROK has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Tuesday, July 11th. BidaskClub raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Barclays PLC set a $176.00 price objective on shares of Rockwell Automation and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Morgan Stanley raised their price objective on shares of Rockwell Automation from $153.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price objective on shares of Rockwell Automation in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $152.33.
In other news, VP David M. Dorgan sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the vice president now directly owns 9,355 shares in the company, valued at $1,544,042.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith D. Nosbusch sold 20,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $159.00, for a total value of $3,180,000.00. Following the completion of the sale, the director now owns 421,286 shares in the company, valued at $66,984,474. The disclosure for this sale can be found here. Insiders sold 114,825 shares of company stock worth $18,637,613 in the last three months. 1.65% of the stock is owned by corporate insiders.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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